Waldron Succession Talk Hits Goldman Ahead of Q3 Earnings
Goldman Sachs is facing a succession test ahead of its third-quarter earnings report. President and Chief Operating Officer John Waldron is reportedly in line to take over as CEO, with David Solomon potentially becoming executive chairman. This leadership change could happen as early as 2027 or 2028.
The discussion comes after Goldman's strong second-quarter earnings, which saw diluted earnings per share of USD 20.98 and an annualized return on common equity of 23.50 percent. Second-quarter revenue reached USD 20.34 billion, a 39.40 percent increase year over year.
Analyst target prices for Goldman Sachs have moved higher, with HSBC raising its price target from USD 995.00 to USD 1,007.00 while maintaining a Hold rating. The consensus target is USD 1,060.10 based on 10 Buy, 13 Hold and 1 Sell recommendation.
Goldman Sachs is set to report third-quarter results before the market opens on October 13, 2026. Consensus calls for EPS of USD 15.39 and revenue of USD 17.42 billion.